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4073 Cinderella Rd North Port, FL 34286

3 Beds 2 Baths 1,578 sqft Built 2017

INVESTimate

$299,000

List Price

$1,900

$1,710 - $2,090

Rent Est.

$328,631  ( +9.91%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $189.48
  • 7 Days on Market
  • MLS # : N6111514
  • Updated Date : 08/24/2020 at 17:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,578 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Island Life

Listing Agent's Description

Quality and luxury upgrades were put into this builder's model home. It has great curb appeal, with James Hardie cement shingle siding, cultured stone around the garage and front porch columns. Recessed lights in the front soffit for soft evening lighting. The wide paver sidewalk leads to an 8-foot front door with stainless steel hinges and screws. When entering the home with its open floor plan and many architectural upgrades the first thing you will notice is the Travertine stone accent wall in the livingroom and the 8x6 Cypress wood beams gracing the living room, kitchen and lanai. The designer kitchen boasts Shaker-style two-tone kitchen cabinets, quartz countertops, stainless steel appliances, and a glass mosaic backsplash. Another stand out feature is the Porcelain plank wood look tile floors, as well as the crown molding throughout. This home has IMPACT glass low-E vinyl framed windows and slider. The impressive extended lanai with its ultra view screening overlooks the private backyard with a fantastic butterfly garden and St Augustine sod which stays green with irrigation sprinklers. Enjoy the huge paver sundeck for extra outdoor living! No detail was spared when designing this home, make your appointment today before it is sold!

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MARKET HIGHLIGHTS

  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: North Port Charlotte

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $91k297k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: North Port Charlotte

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q210001100120013001400150016001700180019002000Rent in $9362041

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Toledo Blade Elementary School Primary Regular 742 56 6
Woodland Middle School Middle Regular 857 50 7
North Port High School High Regular 2,315 119 6

Toledo Blade Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 56
6
GreatSchools Rating

Woodland Middle School

  • Education Level: Middle
  • # of students: 857
  • # of teachers: 50
7
GreatSchools Rating

North Port High School

  • Education Level: High
  • # of students: 2,315
  • # of teachers: 119
6
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,103
Property Tax -$368
Property Insurance -$133
Property Management Fees -$80
CASH FLOW
$216

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$299,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.43%
Appreciation Year (1-5) 9.91%
Maintenance Year (1-5) 8.00%
Vacancy 3.71%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

9.67

YEARS SAVED

$48,857

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,900

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5253$1,5454$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 4073 Cinderella Rd North Port, 5
    • 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,578 Sqft ∙ Built 2017
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.20
    •  
  • 2619 Carthage St North Port, 1
    • 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,567 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.83
    •  
  • 2474 Saybrook Ave North Port, 2
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 2005
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.00
    •  
  • 6039 N Cranberry Blvd North Port, 3
    • 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,469 Sqft ∙ Built 1999
    property image
    LEASED 09/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.05
    •  
  • 4003 Carver St North Port, 4
    • 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,575 Sqft ∙ Built 2016
    property image
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.14
    •  
PROPERTY LISTING DETAILS
Kelly Pankiw
1.941.441.6207
Keller Williams Island Life
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6111514
Last Updated: 08/24/2020
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